Technovator Expects Increased H1 2024 Losses
Company Announcements

Technovator Expects Increased H1 2024 Losses

Technovator International (HK:1206) has released an update.

Technovator International Limited has issued a profit warning indicating an expected loss of RMB 70-80 million for the first half of 2024, a significant increase from the RMB 13.9 million loss in the same period of 2023. This downturn is attributed to reduced revenues due to delayed project investments in a challenging market and government policy environment, as well as a strategic decision to lower gross profit margins in the face of intense industry competition. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

For further insights into HK:1206 stock, check out TipRanks’ Stock Analysis page.

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